The growth of the market is attributed to growing demand for advanced automation systems coupled with increasing inclination towards fuel-efficient vehicles
— Emergen Research
VANCOUVER, BC, CANADA, July 20, 2022 /EINPresswire.com/ — The global Automotive Actuators Market is projected to reach USD 41.09 billion by 2027, according to a recent report by Emergen Research. Rising automation and medical aid within the automotive trade area has been increasing the demand for vehicles with advanced options and property.
The new age passenger vehicle is provided with over 124 motor units in order to manage varied applications like light source positioning, grill shutter, seat adjustment, HVAC systems, and fluid and refrigerant valves, among others. Actuators play a key role in activating these applications as they convert an electrical signal into the specified linear and movement to supply the specified physical movement.
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Passenger cars, one among the segments analyzed by our analysts and sized during this study, displays the potential to grow manifold owing to increased demand of small vehicles across various parts of the globe. The shifting dynamics supporting this growth makes is quite vital for businesses during this area to stay at courant with the dynamical pulse of the market, which is poised to succeed in over USD 35.43 Billion by the year 2025.
The Global Automotive Actuators Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
Key participants include Denso Corporation, Nidec Corporation, Robert Bosch GmbH, Johnson Electric, Mitsubishi Electric Corporation, Honeywell, Curtis-Wright, Flowserve, Emerson Electronic and SMC.
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Key Findings from the Report Suggest:
Linear actuators pose a longer term of the automated actuators market as a result of they will be employed in machinery, valves and different places wherever linear motion is needed. Since the automation is rising and manufacturing plant automation is combined with the web of things the utilization of linear actuators is rising.
Within Europe, that continues to stay a vital part within the world economy, Federal Republic of Germany can add over USD 317.4 Million to the region’s size and clout within the next five to six years, as a result of its magnified demand for vehicles and technologically aware shoppers. Over USD 277.2 Million price of projected demand within the region can return from the remainder of the ecu markets. In Japan, traveler Cars can reach a market size of USD 819.2 Million by the shut of the analysis amount.
BorgWarner introduced its next generation of throttle actuators in March 2019. It is an intelligent cam force propulsion (iCTA)—delivering higher fuel economy and reduced emissions with its innovative technology.
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The report further divides the Automotive Actuators market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Automotive Actuators market.
Emergen Research has segmented into the global Automotive Actuators Market on the basis of vehicle type, applications and region:
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
Applications Outlook (Revenue, USD Billion; 2017-2027)
Seat Adjustment Actuator
Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Automotive Actuators market
Sales revenue by key players and new entrants
Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight to recent trends and opportunities
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Automotive Actuators Market:
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
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